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PREMIUM
Geothermal power producer PT Geo Dipa Energi has secured a US$103 million loan from state-owned PT Bank Negara Indonesia (BNI) to develop a 55-megawatt (MW) geothermal power plant in Mount Patuha, West Java.
The loan will mature in 11 years, and has a 36-month grace period, Geo Dipa president director Praktimia Semiawan said Tuesday after a ceremony to sign the loan.
"We'll use the money...